Deceptive Trade Claims Insurance

When two organizations enter into a business agreement, they do so based on their organization’s needs and the offer of goods or services from the other business. When one of the organizations does not abide by the terms of the agreement or fails to uphold their end of the deal as promised, they may be guilty of deceptive trade, and the other business may suffer as a result. That is why many businesses choose to buy insurance to cover themselves in these types of situations. However, some insurance companies may fail in their own duty to provide the coverage when it is needed.

If your business suffered due to a deceptive trade claim and your insurance company is underpaying or denying your claim, the Dallas insurance attorneys of Smith Kendall, PLLC, may be able to help you obtain the payment you need. To learn more about your legal options, contact an attorney today at 214-361-6124.

Types of Deceptive Trade

Deceptive trade practices are sometimes referred to as consumer fraud. Types of consumer fraud which are usually covered by insurance include:

Bait and switch in advertisements

Making outright false claims in advertisements

Claiming endorsements of their products which are untrue

Lying about the manufacturing process or materials used in a product

Lying about the abilities of the product

Businesses that rely on the products of other manufacturers or marketers can run into serious financial trouble when those businesses act in a deceptive manner. It is for this reason that it is important for insurance providers to stand by the terms of their coverage when a business needs to recover from losses due to these deceptive practices.

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Anytime an insurance company refuses to pay a claim or underpays a claim, it can be extremely frustrating and damaging to a business. If your insurance company has refused to make appropriate payments on your insurance claim, contact a Dallas insurance lawyer of Smith Kendall, PLLC, today at 214-361-6124.

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The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.